Search Results for: FTX

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million
Banking News

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million

PR Newswire
by PR Newswire0
Dave, one of the nation’s leading neobanks, announced it has reached an agreement with FTX Ventures Ltd. (“FTX”) to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of $100 million, for a discounted purchase price of $71 million. FTX filed a motion in......
Cryptocurrency News Recommended

FTX Debtors and FTX DM (Bahamas) Announce Cooperation Agreement

Fintech News Desk
by Fintech News Desk0
FTX Trading Ltd.  and its affiliated debtors  and FTX Digital Markets Ltd., acting by the Joint Provisional Liquidators (Brian Simms, K.C., Peter Greaves and Kevin Cambridge), today announced their agreement on terms for mutual cooperation in the chapter 11 cases of the FTX Debtors in Delaware and the provisional liquidation of FTX DM in The......
Cryptocurrency Markets News

FTX Debtors Provide Information Concerning Bahamas Crypto Seizure

Fintech News Desk
by Fintech News Desk0
FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the “FTX Debtors”), provided information on the cryptocurrency of the FTX Debtors in the control of the Securities Commission of The Bahamas (the “Bahamas Commission”). On November 12, 2022, after the commencement of the chapter 11 cases of the FTX Debtors, cryptocurrency of the FTX Debtors......
SocialBees.io Prove DAOs and DeFi Projects Like Theirs Are the Cure for Cefi Problems Like FTX
DeFi News

SocialBees.io Prove DAOs and DeFi Projects Like Theirs Are the Cure for CeFi Problems Like FTX

Fintech News Desk
by Fintech News Desk0
After almost 3 years of intense development, the Social Bees University Decentralized Autonomous Organization (“SBU DAO”) has activated the world’s first self-generating billion-dollar fund. With this sizable fund, SBU will financially help Web3 visionaries who are aligned with the SBU mission. The SBU is a collection of 13,838 unique, programmatically generated Non-Fungible......
B2B Cloud News Security

PolicyDock and Merkle Science Partner to Provide Improved Data Protection, Support For Users Affected By FTX Meltdown

Fintech News Desk
by Fintech News Desk0
Merkle Science, a predictive web3 risk and intelligence platform, is announcing a partnership with global insurance technology leader PolicyDock, to prevent fraud and protect crypto assets by providing the insurance industry with innovative fraud-prevention tools. The announcement coincides with PolicyDock’s launch of CryptoLock, a subscription offering that helps clients recover crypto assets with a variety of......
Cryptocurrency Markets News

How Legacy Suite Can Protect Users From Another FTX-Like Disaster

Fintech News Desk
by Fintech News Desk0
The collapse of the cryptocurrency exchange FTX has spurred countless discussions on how to best manage and protect one’s digital assets. The misappropriation of billions in customer deposits will force regulatory bodies to act, and online discussions about the importance of digital asset management are increasing. Legacy Suite, an industry leader......
B2B News Technology

Patterson Belknap Launches FTX Task Force To Advise On Issues Stemming From Collapse Of Crypto Exchange

Fintech News Desk
by Fintech News Desk0
Patterson Belknap Webb & Tyler LLP announced the launch of an interdisciplinary FTX Task Force to assist market participants in navigating the fallout from the recent collapse of the FTX Crypto Exchange and its affiliates. The group is led by a cross-disciplinary team of attorneys from Patterson Belknap’s Business Reorganization and Creditors’......
BankLine Expands Partnerships in Wake of FTX
Banking News

BankLine Expands Partnerships in Wake of FTX

Fintech News Desk
by Fintech News Desk0
New Partner Banks Provide Crypto Businesses With Banking Stability In light of the recent bankruptcy of FTX and their affiliated companies, which may have repercussions for banks with similar liquidity exposure, BankLine ensures its clients maintain stable banking by increasing its portfolio of crypto-friendly partner financial institutions. BankLine recently added......
FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors
Finance News Trading

FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors

Fintech News Desk
by Fintech News Desk0
FTX Trading Ltd. (d.b.a. FTX.com), and approximately 101 additional affiliated companies (together, the “FTX Debtors”), announced that most FTX subsidiaries around the world are resuming ordinary course payment of salary and benefits to employees worldwide and ordinary course payments to certain non-U.S. contractors and service providers. John J. Ray III......
1